Specifically, at 9:00 a.m., Saigon Jewelry Company (SJC) announced the selling price of SJC gold bars at 82 – 84 million VND/tael (buy – sell), an increase of 500,000 VND/tael. Volume in both buying and selling directions compared to yesterday’s closing session.

Similarly, DOJI Jewelry Group announced the selling price of SJC gold bars at 82 – 84 million VND/tael (buying – selling), an increase of 500,000 VND/tael in both buying and selling directions compared to the closing date. yesterday session.

In contrast to the price of SJC gold bars, the price of gold rings turned down again.

Saigon Jewelry Company (SJC) announced the selling price of gold rings at 81.4 – 82.9 million VND/tael (buying – selling), down 100,000 VND/tael in both buying and selling directions. sold out compared to yesterday’s closing session.

DOJI Jewelry Group listed gold ring prices at 82 – 82.9 million VND/tael (buying – selling), down 300,000 VND/tael on the buying side and down 450,000 VND on the selling side compared to the closing date. yesterday session.

Previously, gold prices decreased in the trading session on September 30 after a record high due to US loosening monetary policy and increasing tensions in the Middle East, causing gold to have the strongest quarterly price increase since 2020.

Spot gold price decreased 0.9% to 2,634.75 USD/ounce at 1:08 am (Vietnam time). US gold futures price also decreased 0.3% to 2,659.40 USD/ounce.

Gold prices increased more than 13% in the third quarter and are considered the strongest increase since the beginning of 2020, after reaching a record high of 2,685.42 USD/ounce on Thursday (September 26) by the Federal Reserve. The US state (Fed) sharply cut interest rates (0.5 percentage points) and tensions broke out in the Middle East.

“There will probably be some rotation from precious metals into equities, but I don’t think that will last…certainly,” said metals strategist Peter A. Grant at Zaner Metals. The trend of gold is increasing.

Analysts said the rise in gold prices was tempered by profit-taking and a surge in Chinese shares.

Fed Chairman Jerome Powell predicts US inflation will continue to slow, which could lead to the Fed cutting interest rates.